Okla. Stat. tit. 18 § 1050

Current through Laws 2024, c. 453.

Section 1050 - Special Purpose Reserves

The directors of a corporation may set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve.

Okla. Stat. tit. 18, § 1050

Added by Laws 1986, c. 292, § 50, eff. 11/1/1986.